Besides The New iMac, Some Upgrades To Consider Right Now

04/29/08 - 04:32 PM EDT

Juliana Bunim

Apple (AAPL Quote - Cramer on AAPL - Stock Picks)unveiled the new iMac April 28, and it's more powerful than ever. Marketed as having "Beauty, Brains, and now more Brawn," the machines boast an updated processor, faster graphics and cost between $1,199 and $1,799, depending upon monitor size and memory. It's the first major upgrade for Apple since August 2007, and will probably keep its products flying off the shelves .

But before you run out and splurge, take heed . Indulging in a brand new iMac might not be the most valuable upgrade to fit your life and your wallet . Here are some other key upgrades to consider:

Printers

Companies like Hewlett-Packard (HPQ Quote - Cramer on HPQ - Stock Picks) and Canon (CAJ Quote - Cramer on CAJ - Stock Picks) are manufacturing printers that are both fast and affordable. "If you're holding onto that three year old, $99 dollar ink jet and suffering through a one minute [per page] print time, it might be worth it to drop $99 dollars this year and get another printer that prints twice as fast," says Andy Walker, editor of Cyberwalker . Toner often costs more on older machines due to limited supply, so if you're paying premium to supply your old printer with ink, it might be more economical to upgrade. And, many older model printers aren't compatible with the latest computers, something to keep in mind if a new computer is in your near future.

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